“The Wine Spot leads Cleveland in this innovation. They offer valuable insight about Bitcoin’s capabilities for American retailers,” states Nikhil Chand, founder of CoinNEO.

Bitcoin is an Internet-based digital currency system, frequently referenced by mainstream media such as The New York Times, The Wall Street Journal, Forbes, and Business Insider.

Bitcoins spent at The Wine Spot are converted to equivalent US dollars, with zero risk of loss. Chand integrated The Wine Spot’s existing point-of-sale system to record the Bitcoin transactions. Their upcoming online store will also offer Bitcoin as a payment option, shipping nationwide.

The Wine Spot owner Adam Fleischer is intrigued by the services Bitcoin provides to small business. “Bitcoin provides my customers the flexibility of another form of payment, and those investing in Bitcoin are searching for places to spend it. In addition, as a small business owner I am always looking for ways to manage expenses. At this point Bitcoin transaction fees are less expensive for me, versus credit cards and PayPal. I see why many believe digital currencies are the future,” says Fleischer.

About The Wine Spot

Adam Fleischer opened The Wine Spot in 2011. Fleischer, a Cleveland Heights native, has grown The Wine Spot into a leading Cleveland-area wine, beer, and beverage gift destination. Additionally, The Wine Spot features The Music Spot and The Art Spot, highlighting a variety of original student and professional artists’ works.

Located in Cleveland Heights, CoinNEO partners with organizations to explore Bitcoin opportunities. CoinNEO’s founder is Nikhil Chand, a Cleveland technology professional promoting safe, secure, and practical technology solutions. Chand believes Cleveland’s economic renaissance is a welcoming platform for emerging technologies such as Bitcoin, and believes CoinNEO’s contributions help fortify Cleveland’s position as a global leader in technology innovation.